Total consumer credit in the US increased by $14.12 billion in February of 2024, compared to a downwardly revised $17.68 billion rise in the previous month and compared to market expectation of a $15 billion growth. Revolving credit, like credit cards, increased by $11.2 billion (up 0.2 percent on an annual basis) from the previous month. Non Revolving credit, typically auto and student loans, rose by $2.8 billion (up 0.4 percent on an annual basis). source: Federal Reserve

Consumer Credit in the United States decreased to 14.12 USD Billion in February from 17.68 USD Billion in January of 2024. Consumer Credit in the United States averaged 5.17 USD Billion from 1943 until 2024, reaching an all time high of 147.46 USD Billion in June of 2021 and a record low of -112.52 USD Billion in December of 2015. This page provides the latest reported value for - United States Consumer Credit Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Consumer Credit Change - data, historical chart, forecasts and calendar of releases - was last updated on April of 2024.

Consumer Credit in the United States decreased to 14.12 USD Billion in February from 17.68 USD Billion in January of 2024. Consumer Credit in the United States is expected to be 22.00 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-03-07 08:00 PM
Consumer Credit Change
Jan $19.49B $1.56B $9.25B $8B
2024-04-05 07:00 PM
Consumer Credit Change
Feb $14.12B $17.68B $15B $21.0B
2024-05-07 07:00 PM
Consumer Credit Change
Mar $14.12B $ 20B


Related Last Previous Unit Reference
Bank Lending Rate 8.50 8.50 percent Mar 2024
Chain Store Sales 2148.00 1701.00 USD Million Feb 2024
Michigan Consumer Sentiment 77.90 79.40 points Apr 2024
Consumer Credit Change 14.12 17.68 USD Billion Feb 2024
Consumer Spending 15586.67 15461.38 USD Billion Dec 2023
Credit Card Accounts 594.75 589.63 Million Dec 2023
Debt Balance Auto Loans 1.61 1.60 Trillion USD Dec 2023
Debt Balance Credit Cards 1.13 1.08 Trillion USD Dec 2023
Debt Balance Mortgages 12.25 12.14 Trillion USD Dec 2023
Debt Balance Student Loans 1.60 1.60 Trillion USD Dec 2023
Total Household Debt 17.50 17.29 USD Trillion Dec 2023
Disposable Personal Income 20709.27 20658.94 USD Billion Feb 2024
RCM/TIPP Economic Optimism Index 43.20 43.50 points Apr 2024
Gasoline Prices 0.90 0.85 USD/Liter Mar 2024
Households Debt to GDP 73.10 73.70 percent of GDP Sep 2023
Michigan Consumer Expectations 77.00 77.40 points Apr 2024
Michigan Current Conditions 79.30 82.50 points Apr 2024
Personal Income MoM 0.30 1.00 percent Feb 2024
Personal Savings 3.60 4.10 percent Feb 2024
Personal Spending MoM 0.80 0.20 percent Feb 2024
Private Sector Credit 12320.59 12269.56 USD Billion Feb 2024
Redbook YoY 4.90 5.40 percent Apr 2024
Retail Sales Ex Autos MoM 1.10 0.60 percent Mar 2024
Retail Sales Ex Gas/Autos MoM 1.00 0.50 percent Mar 2024
Retail Sales MoM 0.70 0.90 percent Mar 2024
Retail Sales YoY 4.00 1.50 percent Mar 2024
Used Car Prices MoM -0.40 -0.10 percent Mar 2024
Used Car Prices YoY -14.70 -13.10 percent Mar 2024

United States Consumer Credit Change
In the United States, Consumer Credit refers to outstanding credit flows extended to individuals for household, family, and other personal expenditures, excluding loans secured by real estate.
Actual Previous Highest Lowest Dates Unit Frequency
14.12 17.68 147.46 -112.52 1943 - 2024 USD Billion Monthly
SA

News Stream
US Consumer Credit Growth Misses Estimates in February
Total consumer credit in the US increased by $14.12 billion in February of 2024, compared to a downwardly revised $17.68 billion rise in the previous month and compared to market expectation of a $15 billion growth. Revolving credit, like credit cards, increased by $11.2 billion (up 0.2 percent on an annual basis) from the previous month. Non Revolving credit, typically auto and student loans, rose by $2.8 billion (up 0.4 percent on an annual basis).
2024-04-05
US Consumer Credit Growth Surpasses Estimates in January
Total consumer credit in the US soared by $19.49 billion in January of 2024, following a $1.56 billion rise in the previous month and way above market expectation of a $9.25 billion growth. Revolving credit, like credit cards, increased by $8.4 billion (up 7.6 percent on an annual basis) from the previous month. Non Revolving credit, typically auto and student loans, rose by $11.1 billion (up 3.6 percent on an annual basis).
2024-03-07
US Consumer Credit Growth Below Estimates in December
Total consumer credit in the US increased by $1.56 billion in December of 2023, following a $23.7 billion gain in a month earlier and missing market expectation of a $16 billion growth. Revolving credit, like credit cards, went up by $1.04 billion (up 1 percent on an annual basis). Non Revolving credit, typically auto and student loans, rose by $0.5 billion (up 0.2 percent on an annual basis) from the prior month. On a quarterly basis, consumer credit increased at a seasonally adjusted annual rate of 2.6 percent.
2024-02-07